south korea
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Samsung now approved to test self-driving cars on South Korean roads
Samsung is working on self-driving cars — which shouldn’t surprise you if you know the company’s history and wide range of interests. What’s new, however, is that Samsung is the latest company to receive approval from the South Korean government to begin testing its self-driving tech on public roads in the country. Read More
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Monit’s smart diaper sensor lets parents avoid the sniff test
New parents are faced with many conundrums and one of the most nerve-wracking is how to check a diaper without waking a sleeping baby. Korean startup Monit’s new Bluetooth sensor wants to make sniff tests a thing of the past by alerting parents as soon as their baby’s diaper is soiled. Later on, the sensor can be turned into a portable air quality and temperature monitor, extending… Read More
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Swingvy raises $1.1M to give HR staff in Southeast Asia a break from paperwork
Human resources paperwork is never fun to take care of—especially if it’s literally on paper. Swingvy co-founder Jin Choeh says that in Southeast Asia, many small businesses are still stuck with physical spreadsheets and piles of forms. Swingvy wants to help them with affordable cloud-based software. The South Korea and Malaysia-based startup just raised $1.1 million in seed funding… Read More
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Crunch Report | Samsung Vice Chairman Arrested
Samsung’s vice chairman is arrested on bribery charges, Beepi closes down and sells off its operations and reports show that Theranos might be winding down. All this on Crunch Report. Read More
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South Korea will increase battery safety regulation in wake of Note 7 fiasco
Late last month, Samsung continued its prolonged Note 7 apology tour with a global press conference detailing months of internal and third-party research, coupled withplans to increase its safety measures moving forward. While all of that self-humbling seems to have gone a ways toward appeasing a portion of the smartphone-buying public, the company’s home country of South Korea (which… Read More
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Pokémon Go is finally available in South Korea
Many may have stopped playing Pokémon Go, last year’s smash hit mobile game, but fans in Korea are just getting a taste of the action after it launched in their country today. That’s right, this summer’s sensation is finally (officially) on Korean soil some six months after much of the rest of the world got into the title. The launch in Korea has been a complicated… Read More
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South Korea court opts not to arrest Samsung exec Jay Y. Lee over bribery charges
There’s a small glimmer of sunshine for what has been an extremely gloomy year for Samsung. A court in Seoul’s Central District has rejected an arrested warrant for Samsung vice-chairman/heir-apparent Jay Y. Lee that was issued by prosecutors earlier this week. The warrant was a result of bribery and embezzlement charges that also landed South Korea’s recently impeached… Read More
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Crunch Network
Are smart cities just a utopian fantasy?
When cities are designed and deployed as a single unit, they don’t carry the cultural vibrancy of a city built organically in response to the needs and desires of its denizens. The piecemeal approach to integrating smart city technology is more appealing than the built-from-scratch approach — it’s the only way to preserve the character of the city. Read More
Latest Crunch Report
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Samsung will acquire cloud-computing company Joyent
Samsung Electronics announced today that it has agreed to acquire cloud-computing company Joyent. In a statement, the Korean tech giant said that the transaction (its financial terms were undisclosed) will allow it to grow its cloud-based services for its smartphones and Internet-connected devices. Read More
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South Korean home cleaning startup Miso joins Y Combinator’s new class
Miso, a home cleaning service in South Korea, wants to sweep up some ambitious growth goals after being accepted into Y Combinator’s summer class. The startup’s founders will join the accelerator program this week. Read More
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Google asks South Korea to rethink its strict policies on providing map data
Google wants the South Korean government to ease laws on map data that have curtailed the number of features Google Maps can offer there. According to the Wall Street Journal, the company talked to officials before a closed-door government meeting today. Read More
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Crunch Network
Can South Korean startups (and the government) save its flailing giant tech conglomerates?
With 17 percent of the GDP, it’s fair to say that Samsung is South Korea, or at least has represented it on the global business stage for the last decade or so. But for the last year or so, with the contraction of the global economy and the dynamism of Chinese and Indian competitors in the smartphone industry, the giant chaebols of Korea have experienced difficulty. Read More
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South Korea’s government launches its first accelerator program for international startups
In a bid to make South Korea’s tech industry more diverse, the government has created an accelerator for startups from around the world. Read More
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Samsung posts strong first-quarter results thanks to the S7’s success
Samsung Electronics delivered strong results for the first quarter of 2016, thanks to sales of the Galaxy S7 and S7 Edge, its flagship smartphones. Read More
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Samsung expects solid first-quarter results as the Galaxy S7 enjoys strong sales
After sounding a dour note in its last earnings report, Samsung Electronics issued unexpectedly upbeat quarterly guidance today. The company said it expects to report consolidated sales of about 49 trillion won and operating profit of about 6.6 trillion won in the first quarter of 2016. Read More
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SoftBank Ventures Korea-backed learning app developer Knowre partners with Sylvan Learning
Knowre, a learning app startup founded in Seoul, has taken a big step forward in its American expansion plans. The company announced today that its math programs, which give kids personalized recommendations, will be used in Sylvan Learning tutoring centers. Sylvan is the largest paid tutoring company in the U.S. by market share, with more than 800 locations. Read More
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Seoul-based Polaris Office launches its enterprise productivity suite in the U.S.
Seoul-based Polaris Office is launching its cloud-based software suite in the United States with the very ambitious goal (some might say quixotic) of challenging Microsoft Office and Google for Work’s dominance. The company makes desktop and mobile apps that let users create new documents and edit existing ones stored on services including Dropbox, OneDrive, and Google Drive. Read More
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Korean last-minute hotel booking app DailyHotel launches in 10 new countries
DailyHotel, a Seoul-based app that lets harried travelers quickly find hotel rooms, has launched in 10 new Asian countries. The startup was founded in 2013 by brothers Ryan and Jimmy Shin after Ryan struggled to find a last-minute hotel room in Seoul. It has raised more than $10 million from Sequoia India, but declined to say exactly how much funding it has received so far. Read More
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